Tandemgrowth Financial Advisors LLC Invests $34.88 Million in Avantis U.S. Equity ETF $AVUS

Tandemgrowth Financial Advisors LLC acquired a new position in shares of Avantis U.S. Equity ETF (NYSEARCA:AVUS) during the fourth quarter, HoldingsChannel reports. The fund acquired 312,044 shares of the company’s stock, valued at approximately $34,880,000. Avantis U.S. Equity ETF comprises about 30.4% of Tandemgrowth Financial Advisors LLC’s portfolio, making the stock its largest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Godfrey Financial Associates Inc. bought a new stake in Avantis U.S. Equity ETF during the 4th quarter worth about $29,000. EverSource Wealth Advisors LLC grew its holdings in Avantis U.S. Equity ETF by 138.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 358 shares of the company’s stock worth $36,000 after acquiring an additional 208 shares during the last quarter. Assetmark Inc. grew its holdings in Avantis U.S. Equity ETF by 116.0% during the 3rd quarter. Assetmark Inc. now owns 579 shares of the company’s stock worth $63,000 after acquiring an additional 311 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in Avantis U.S. Equity ETF by 17.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 964 shares of the company’s stock worth $97,000 after acquiring an additional 144 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in Avantis U.S. Equity ETF by 140.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 934 shares of the company’s stock worth $104,000 after acquiring an additional 546 shares during the last quarter.

Avantis U.S. Equity ETF Stock Up 2.0%

Shares of NYSEARCA:AVUS opened at $125.93 on Friday. Avantis U.S. Equity ETF has a 12 month low of $97.00 and a 12 month high of $128.62. The company’s 50-day moving average price is $122.14 and its two-hundred day moving average price is $116.66. The firm has a market cap of $12.58 billion, a P/E ratio of 20.35 and a beta of 0.99.

Avantis U.S. Equity ETF Profile

The Avantis U.S. Equity ETF (AVUS) is an exchange-traded fund that is based on the Russell 3000 index. The fund is an actively managed portfolio of US equities of all market capitalizations, with a bias toward smaller, more profitable or value companies. AVUS was launched on Sep 24, 2019 and is managed by American Century Investments.